Plan Ledger DOL Form 5500 · updated monthly

Gelia Wells & Mohr, Inc.401(k)

GELIA WELLS & MOHR, INC. 401(K) PLAN · WILLIAMSVILLE, NY · plan year 2024

Reported admin expense ratio · 2024
0.35%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Gelia Wells & Mohr, Inc. reported $38,224 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $1,207 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.43% to 0.35%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New York (3,409th of 5,648), and 7,552nd of 11,654 in professional & technical services. In 2024, employees put in $5.27 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,467,705
Participants with balances90
Active participants76
Employer contributions$91,718
Employee contributions$483,072
Employer contribution per active participant$1,207
Average account balance$127,419
Benefits paid to participants$1,858,516
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.5M · 90 accts · $92K emplr
2023$10.6M · 109 accts · $95K emplr
2022$9.8M · 108 accts · $88K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,224
Total administrative$38,224
The Gelia Wells & Mohr, Inc. 401(k) match · 2024
Employer contribution per active participant$1,207
Median for plans this size$2,416
2024$1,207 per active participant
2023$1,299 per active participant
2022$1,122 per active participant

Gelia Wells & Mohr, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
NATIONWIDE · Contract administrator · Recordkeeping$32,208
LINCOLN FINANCIAL ADVISORSindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Nationwide
2023Nationwide

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$38,224 · 0.35%
2023$48,359 · 0.48%
2022$45,399 · 0.43%
Similar plansProfessional & Technical Services · New York
Ema Design Automation Inc NY$11.6M · 0.29%
Rheonix, Inc. NY$11.5M · 0.11%
Shop Architects, Inc NY$11.5M · 0.37%
Kaltura, Inc NY$11.4M · 0.10%
Caipa Mso LLC NY$11.2M · 0.62%
Ic Consult US Corp NY$11.2M · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 160844960 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.